40
See all 40 photos
$7,400,000
Est. payment /mo
11 Beds
10 Baths
6,554 Sqft Lot
New
1545 S Fairfax Los Angeles, CA 90019
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Key Details
Property Type Multi-Family
Sub Type Res Income 2-4 Units
Listing Status Active
Purchase Type For Sale
MLS Listing ID SR26150926
Bedrooms 11
Lot Size 6,554 Sqft
Property Sub-Type Res Income 2-4 Units
Property Description
We are proud to present 1545 S. Fairfax Avenue, a rare opportunity to acquire a 2019-constructed, 10-unit multifamily apartment community in the highly desirable Fairfax District of Los Angeles. This contemporary four-story property features 17 subterranean parking spaces, modern construction, quality finishes, low near-term capital expenditure requirements, and the added benefit of an assumable $3,000,000 loan at a 3.90% fixed interest rate through 2029, providing attractive in-place financing. The property offers an outstanding unit mix of (2) three-bedroom/three-bathroom townhome-style units, (6) three-bedroom/two-bathroom units, (1) two-bedroom/two-bathroom unit, and (1) designated three-bedroom/two-bathroom affordable housing unit. The spacious floor plans support strong tenant demand and stable occupancy, while the original builder's warranty remains in effect through 2029, covering qualifying construction-related defects, including the roof structure, plumbing, and electrical systems. Ideally located just minutes from The Grove, Original Farmers Market, LACMA, Cedars-Sinai Medical Center, UCLA, and the Metro D (Purple) Line Wilshire/Fairfax Station, the property provides convenient access to Beverly Hills, Century City, Culver City, West Hollywood, and Downtown Los Angeles. Combining modern construction, attractive assumable financing, stable in-place income, and an irreplaceable infill location, 1545 S. Fairfax Avenue represents a rare opportunity to acquire a newer-generation multifamily asset in one of Southern California's most sought-after investment markets.
Location
State CA
County Los Angeles
Zoning Assessor
Direction Exit the 10 FWY North on Fairfax Avenue, drive to 1545 S Fairfax Ave., the building is located on the West side of Fairfax Ave
Interior
Cooling Central Forced Air
Fireplace No
Exterior
View Y/N No
Building
Story 4
Level or Stories 4
Others
Senior Community No
Tax ID 5068021028
Acceptable Financing Cash
Listing Terms Cash
Listed by Cynthia Burts, DRE#01134271 Burts & Associates
NEARBY SCHOOL & BUSINESS